Picton Mahoney Asset Management Makes New Investment in Revolve Group, Inc. (NYSE:RVLV)

Picton Mahoney Asset Management bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 104,925 shares of the company’s stock, valued at approximately $3,515,000. Picton Mahoney Asset Management owned about 0.15% of Revolve Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RVLV. Farther Finance Advisors LLC boosted its position in shares of Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after acquiring an additional 804 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after acquiring an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in shares of Revolve Group during the fourth quarter worth $50,000. AlphaQuest LLC boosted its position in shares of Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock worth $185,000 after acquiring an additional 396 shares during the last quarter. Finally, Dakota Wealth Management bought a new position in shares of Revolve Group during the fourth quarter worth $211,000. Institutional investors own 67.60% of the company’s stock.

Revolve Group Price Performance

RVLV stock opened at $22.27 on Friday. The company has a market capitalization of $1.59 billion, a PE ratio of 39.76, a P/E/G ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a 12 month low of $14.87 and a 12 month high of $39.58. The firm’s 50-day moving average is $28.86 and its 200 day moving average is $29.13.

Wall Street Analyst Weigh In

Several research firms have commented on RVLV. BMO Capital Markets increased their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, February 26th. Stifel Nicolaus lowered their price objective on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Jefferies Financial Group upgraded shares of Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday. KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research report on Thursday, January 23rd. Finally, Roth Mkm reiterated a “buy” rating and set a $36.00 price objective (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Revolve Group currently has an average rating of “Moderate Buy” and an average target price of $30.53.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 69,605 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $29.77, for a total transaction of $2,072,140.85. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,173,210. This trade represents a 48.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at $3,190,620. This trade represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 511,649 shares of company stock valued at $16,027,128 in the last 90 days. Company insiders own 46.56% of the company’s stock.

About Revolve Group

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.